Apr 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 27, 2018. COMPANY
INSTRUMENT
RATING
AMOUNT MOVEMENT
(RS.MLN) ------
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------
-----
--------- SHORT TERM RATINGS: ------------------- Aditya Birla Fashion And
CP Programme
ICRA A1+
12500 Re-affirmed Retail Ltd Alm Food Products Ltd
ST FBL
ICRA A4+
1070
- (Reason for delay in carrying out periodic review:-Review Under Process) Cholamandalam (NS:CHLA) Investment And
CP
ICRA A1+
60000 Reaffirmed Ferromet Steels Pvt Ltd
ST, nonFB Fac
ICRA D
40
- (Issuer Not Cooperating) Finance Co. Ltd Creditaccess Grameen Ltd
CP
ICRA A1+
2000
Revised from
ICRA A1 Golden Star Facilities And
ST fund based
ICRA A1+
-240
Assigned Services Pvt Ltd
(sublimit)
(SO) Hll Infra Tech Services Ltd
Non-fund based-ST
ICRA A2+(SO) 210
Assigned Icon Granito Pvt. Ltd.
Non-fund based - BG ICRA A4+
21.5
- (Rating moved to the 'Issuer Not Cooperating' category) Icon Granito Pvt. Ltd.
Non-fund based - LOC ICRA A4+
25
- (Rating moved to the 'Issuer Not Cooperating' category) Jagatjit Industries Ltd
ST fund based Bk Fac ICRA A4
7.2
Withdrawn Jagatjit Industries Ltd
ST non-fund based Bk ICRA A4
250
Withdrawn
Fac K.K. Builders
ST- Non- Fund Based ICRA A4
350
ISSUER NOT
Facility
COOPERATING* Ksb Mil Controls Ltd
ST;Non- fund based LOCICRA A1+
50
Reaffirmed (Erstwhile Mil Controls Ltd) Mil Steel And Power Ltd
ST, Non-FB Fac
ICRA D
20
- Marathwada Auto Cluster
Non- fund based - LOC ICRA A4
85
Rating moved
ISSUER NOT
to the
COOPERATING*
'Issuer Not Cooperating' category Psa Construction
Non-Fund basedBG
ICRA A4+
120
- Rating moved to the 'Issuer Not Cooperating' category S.V.S Classic Foods
ST - Fund Based
ICRA A4
13.5
- (Issuer Not Cooperating) S.V.S Classic Foods
ST - Non Fund Based ICRA A4
1
- (Issuer Not Cooperating) Sandfits Foundries Pvt Ltd
ST non-fund based
ICRA A2+
15
Reaffirmed Santosh Enterprises
Fund based Bills 4.00 ICRA A4
40
-
discounting limits Rating continues to remain in the 'Issuer Not Cooperating' category Shiva Structures Pvt Ltd
Non Fund Based - BG ICRA A4
90
- Rating continues to remain in the 'Issuer Not Cooperating' category Surya Roshni Ltd
CP Programme
ICRA A1(SO)@ 200
outstanding @ Under rating watch with negative implications Surya Roshni Ltd
CP Programme
ICRA A1+(SO) 250
Assigned Surya Roshni Ltd
CP Programme
ICRA A1+(SO) 3050
outstanding Travancore Cocotuft Pvt Ltd
ST -Fund Based
ICRA A4+
240
- (Issuer Not Cooperating) Travancore Cocotuft Pvt Ltd
ST - Non Fund Based ICRA A4+
25
- (Issuer Not Cooperating) Travancore Cocotuft Pvt Ltd
ST - Unallocated
ICRA A4+
2
- (Issuer Not Cooperating) Tvs Credit Services Ltd
CP
ICRA A1+
15000 Assigned Vardhman Polytex Ltd
ST non-FB Fac
ICRA D
500
- Rating moved to the 'Issuer Not Cooperating' category Zetek Castings Pvt Ltd
ST, NonFB Fac
ICRA A4
15
- (Issuer Not Cooperating) LONG TERM RATINGS: ------------------- Aditya Birla Fashion And
Long-TL
ICRA AA
304.9 Re-affirmed Retail Ltd Aditya Birla Fashion And
LT, FB / NonFB Fac
ICRA AA
11810 Re-affirmed Retail Ltd Aditya Birla Fashion And
LT, Unallocated
ICRA AA
385.1 Re-affirmed Retail Ltd Aditya Birla Fashion And
NCD Programme (NCD) ICRA AA
12600 Re-affirmed Retail Ltd Alm Food Products Ltd
LT FBL
ICRA BB
250
- (Reason for delay in carrying out periodic review:-Review Under Process) B.V.L. Exports Pvt Ltd
Packing Credit
ICRA B
750
- Rating continues to remain under 'Issuer Not Cooperating' category B.V.L. Exports Pvt Ltd
CC
ICRA B
500
- Rating continues to remain under 'Issuer Not Cooperating' category Belstar Investment And Finance
PTC Series A2
ICRA BBB(SO) 19.3
Reaffirmed Pvt Ltd Belstar Investment And Finance
PTC Series A1
298
Upgraded Pvt Ltd
from ICRA
A-(SO) to ICRA AA-(SO) Belstar Investment And Finance
PTC Series A2
6.9
Upgraded Pvt Ltd
from ICRA
BBB-(SO) to ICRA A-(SO) Belstar Investment And Finance
PTC Series A1
219.8 Upgraded Pvt Ltd
from ICRA
A(SO) to ICRA A+(SO) Cholamandalam Investment And
Long-TL from Bks
ICRA AA+
102136.6Upgraded Finance Co. Ltd
from ICRA AA Cholamandalam Investment And
FB Fac from Bks
ICRA AA+
40000 Upgraded Finance Co. Ltd
from ICRA AA
/ ICRA A1+ Cholamandalam Investment And
Sub-limit - Non-FBL ICRA AA+
1000
Upgraded Finance Co. Ltd
from ICRA AA Cholamandalam Investment And
NCDs
ICRA AA+
129682 Upgraded Finance Co. Ltd
from ICRA AA Cholamandalam Investment And
Subordinated
ICRA AA+
22950 Upgraded Finance Co. Ltd
Debentures
from ICRA AA Clp Wind Farms (India) Pvt Ltd
NCDs
ICRA AA
6000
Reaffirmed Creditaccess Grameen Ltd
Bk Fac
ICRA A
20132.7 Reaffirmed Creditaccess Grameen Ltd
NCD Programme
ICRA A
8870
Reaffirmed Creditaccess Grameen Ltd
Sub-ordinated Debt
ICRA A
220
Reaffirmed
programme Ferromet Steels Pvt Ltd
LT, TL
ICRA D
35.5
- (Issuer Not Cooperating) Ferromet Steels Pvt Ltd
LT, fundbased Fac
ICRA D
250
- (Issuer Not Cooperating) Ferromet Steels Pvt Ltd
LT, nonFB Fac
ICRA D
5
- (Issuer Not Cooperating) Golden Star Facilities And
LT fund based
ICRA AA-
240
Assigned Services Pvt Ltd
(SO)
(Positive) Gujarat Chemical Port Terminal
TL
ICRA AA
1795.5 - Co. Ltd (Removed from 'Issuer Not-cooperating' category) Hll Infra Tech Services Ltd
CC- LT
ICRA A(SO) 131.5 Assigned Icon Granito Pvt. Ltd.
Fund based - CC
ICRA BB+
140
- (Rating moved to the 'Issuer Not Cooperating' category) Icon Granito Pvt. Ltd.
Fund based - TL
ICRA BB+
100.8 - (Rating moved to the 'Issuer Not Cooperating' category) Jagatjit Industries Ltd
LT fund based Bk
ICRA B-
792.8 Withdrawn
Fac-CC Jagatjit Industries Ltd
LT fund based Bk
ICRA B-
951.6 Withdrawn
Fac-TL Jagatjit Industries Ltd
Unallocated
ICRA B-
264
Withdrawn K. K. Leisures Amp; Tourism
LT- TL
ICRA B-
142.7 ISSUER NOT International Pvt Ltd
COOPERATING* K. K. Leisures Amp; Tourism
LT- Unallocated
ICRA B-
7.3
ISSUER NOT International Pvt Ltd
COOPERATING* K.K. Builders
LT- TL
ICRA B+
73.5
ISSUER NOT
COOPERATING* K.K. Builders
LT- Fund Based
ICRA B+
230
ISSUER NOT
Facility
COOPERATING* K.K. Builders
LT/ ST- Unallocated ICRA
6.5
ISSUER NOT
B+/ICRA A4
COOPERATING* Kaveri Cotex Pvt Ltd
Fund based - CC
ICRA B
140
- Rating continues to remain under 'Issuer Not Cooperating' category Kaveri Cotex Pvt Ltd
Fund based - TL
ICRA B
2.8
- Rating continues to remain under 'Issuer Not Cooperating' category Kaveri Cotex Pvt Ltd
Unallocated limits
ICRA B
4.7
- Rating continues to remain under 'Issuer Not Cooperating' category Ksb Mil Controls Ltd
LT; Fund based -CC
ICRA AA
100
Reaffirmed (Erstwhile Mil Controls Ltd) Ksb Mil Controls Ltd
LT;Non- fund based BG ICRA AA
500
Reaffirmed (Erstwhile Mil Controls Ltd) Lexus Motors Ltd
Bk Fac
ICRA B+ /
1000
-
ICRA A4 (Reason for delay in carrying out periodic review:-Review Under Process) Magppie Exports Pvt Ltd
CC
ICRA B
195
Reaffirmed (Issuer Not Cooperating) Marathwada Auto Cluster
Fund based - TL
ICRA BB-
28.2
Rating moved
ISSUER NOT
to the
COOPERATING
'Issuer Not Cooperating' category Mil Steel And Power Ltd
LT, FB Fac
ICRA D
41
- Mil Steel And Power Ltd
LT, TL
ICRA D
105.5 - Mil Steel And Power Ltd
LT/ST unallocated Fac ICRA D
20.8
- Northern Arc Capital Ltd
Aye Finance Private Provisional 150
- (Erstwhile Ifmr Capital
Limited
rating of Finance Ltd)
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Zen Lefin Private
Provisional 200
- (Erstwhile Ifmr Capital
Limited (Capital
rating of Finance Ltd)
Float)
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Essel Finance
Provisional 100
- (Erstwhile Ifmr Capital
Business Loan Limited rating of Finance Ltd)
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Ess Kay Fincorp
Provisional 100
- (Erstwhile Ifmr Capital
Limited
rating of Finance Ltd)
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Kogta Financial
Provisional 150
- (Erstwhile Ifmr Capital
(India) Limited
rating of Finance Ltd)
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Shri Ram Finance
Provisional 100
- (Erstwhile Ifmr Capital
Corporation Private rating of Finance Ltd)
Limited
ICRA A-(SO) confirmed as final Northern Arc Capital Ltd
Western India
Provisional 50
- (Erstwhile Ifmr Capital
Transport Finance
rating of Finance Ltd)
Company Private LimiteICRA A-(SO) confirmed as final Nsn Reddy Rice Industry
Unallocated Limits
ICRA BB
340
- Rating continues to remain in the 'Issuer Not Cooperating' category Orange Jaisalmer Wind Energy
TL
ICRA A-
1236
Reaffirmed Pvt Ltd Orange Jaisalmer Wind Energy
CC
ICRA A-
72
Reaffirmed Pvt Ltd Orange Jaisalmer Wind Energy
Unallocated
ICRA A-
142
Reaffirmed Pvt Ltd Power Cable Industries
LT FB/CC
ICRA B
75
Withdrawn Pramukh Copper Pvt Ltd
CC
ICRA D
50
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Pramukh Copper Pvt Ltd
TL
ICRA D
17.5
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Pramukh Copper Pvt Ltd
LOC/Buyer's Credit
ICRA D
50
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Pramukh Copper Pvt Ltd
BG
ICRA D
10
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Pramukh Copper Pvt Ltd
Forward Contract
ICRA D
1
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Pramukh Copper Pvt Ltd
Unallocated Limits
ICRA D
21.5
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) Psa Construction
Fund based- CC
ICRA BB
25
- Rating moved to the 'Issuer Not Cooperating' category Psa Construction
Unallocated Limits
ICRA BB
70
-
/ICRA A4+ Rating moved to the 'Issuer Not Cooperating' category Ramco Extrusion Pvt Ltd
FB- Overdraft facilityICRA B+
110
- Rating continues to remain in the 'Issuer Not Cooperating' category Ramco Extrusion Pvt Ltd
TL
ICRA B+
20
- Rating continues to remain in the 'Issuer Not Cooperating' category Rich Phytocare Pvt Ltd
LT, TL
ICRA BB-
140
- Rich Phytocare Pvt Ltd
LT, unallocated
ICRA BB-
60
- Rise On Group
Fund based - TL
ICRA C
276
- Rating continues to remain under 'Issuer Not Cooperating' category S.V.S Classic Foods
LT -Fund Based CC
ICRA BB-
90
- (Issuer Not Cooperating) S.V.S Classic Foods
LT - Interchangeable ICRA BB-
-15
- (Issuer Not Cooperating) S.V.S Classic Foods
LT - Unallocated
ICRA BB-
1
- (Issuer Not Cooperating) Sandfits Foundries Pvt Ltd
TL
ICRA A-
100
Reaffirmed Sandfits Foundries Pvt Ltd
LT fund based
ICRA A-
250
Reaffirmed Santosh Enterprises
Fund based CC
ICRA B
27.5
-
limits Rating continues to remain in the 'Issuer Not Cooperating' category Santosh Enterprises
Unallocated limits
ICRA B
2
-
Rating continues to remain in the 'Issuer Not Cooperating' category Sharanamma Diggavi Memorial
LT -Fund Based TL
ICRA D
62.9
- Educational Trust (Issuer Not Cooperating) Sharanamma Diggavi Memorial
LT - Unallocated
ICRA D
17.1
- Educational Trust (Issuer Not Cooperating) Shiva Structures Pvt Ltd
Fund Based - TL
ICRA B-
60
- Rating continues to remain in the 'Issuer Not Cooperating' category Shiva Structures Pvt Ltd
Fund Based - CC
ICRA B-
75
- Rating continues to remain in the 'Issuer Not Cooperating' category Simon India Ltd
Non-fund based Bk Fac ICRA BBB
500
Reaffirmed Sudha Bio Power Pvt Ltd
CC
ICRA BB+
65
Assigned Sudha Bio Power Pvt Ltd
TL
ICRA BB+
180
Assigned Sudha Bio Power Pvt Ltd
Unallocated Limits
ICRA BB+
15
Assigned The Winning Edge Agro Products
Fund based - CC
ICRA B+
60
- (ISSUER NOT COOPERATING*) The Winning Edge Agro Products
Fund based - TL
ICRA B+
35.5
- (ISSUER NOT COOPERATING*) The Winning Edge Agro Products
Unallocated Limits
ICRA B+
2
- (ISSUER NOT COOPERATING*) Truevalue Engineering Pvt Ltd
Bk Loans
ICRA B+/ICR 405.5 -
A A4 (Reason for delay in carrying out periodic review:-Issuer not cooperating) Tvs Credit Services Ltd
FB TL
ICRA A+
21460 outstanding Uni Medicolabs
LT fund based
ICRA BB+
250
- (Reason for delay in carrying out periodic review:-Issuer not cooperating) United Bank Of India
Basel II Compliant
ICRA A+
2500
-
Lower Tier II Bonds
Instrum ent type (Reason for delay in carrying out periodic review:-Review Under Process) Vardhman Polytex Ltd
LT FB Fac - CC
ICRA D
1593.1 - Rating moved to the 'Issuer Not Cooperating' category Vardhman Polytex Ltd
LT FB Fac - TL
ICRA D
2323.1 - Rating moved to the 'Issuer Not Cooperating' category Vardhman Polytex Ltd
LT FB Fac -
ICRA D
723.8 -
Unallocated Rating moved to the 'Issuer Not Cooperating' category Vrl Logistics Ltd
Fund Based - CC
ICRA A
1239.5 Upgraded
from ICRA A- Vrl Logistics Ltd
Fund Based - TL
ICRA A
84.1
Upgraded
from ICRA A- Zetek Castings Pvt Ltd
LT, FB Fac
ICRA BB
53.5
- (Issuer Not Cooperating) Zetek Castings Pvt Ltd
LT, TL
ICRA BB
60
- (Issuer Not Cooperating) -------------------------------------------------------------------------------------------- $: Rating watch with positive implication #: Rating Watch with Developing implications @: Rating Watch with Negative Implications %: Rating under Credit Watch wd -Rating Stands Withdrawn sp -Rating Suspended pp -Principal Protected pn -Principal Not Protected ICRA may apply + or - signs for ratings to reflect a comparative standing within the category. BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN -Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) - Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture; PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional; PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.